Termination on Non-breach
摘要
General Conditions of Contracts (GCCs) have clauses giving the right to a party to elect to terminate the contract on the occurrence of an even, without any breach. Examples of these events are, a company appointing an administrator or proceeding to merge or amalgamate. As it is a contractual right, on the occurrence of the stated event, the party can elect to terminate the contract. The contract will come to an end and the parties will get discharged from its further performance. But would the party terminating the contract be able to claim damages for the loss of the contract? The chapter clears the scope of a termination for non-breach clause.